Greenwood Capital Associates LLC bought a new stake in J M Smucker Co (NYSE:SJM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,917 shares of the company’s stock, valued at approximately $238,000.
A number of other institutional investors have also recently modified their holdings of SJM. Roberts Glore & Co. Inc. IL increased its holdings in J M Smucker by 2.7% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 2,508 shares of the company’s stock worth $297,000 after purchasing an additional 65 shares in the last quarter. Rowland & Co. Investment Counsel ADV increased its holdings in J M Smucker by 1.5% during the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 6,044 shares of the company’s stock worth $717,000 after purchasing an additional 88 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in J M Smucker by 2.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,691 shares of the company’s stock worth $555,000 after purchasing an additional 130 shares in the last quarter. CIBC Asset Management Inc increased its holdings in J M Smucker by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 12,783 shares of the company’s stock worth $1,588,000 after purchasing an additional 440 shares in the last quarter. Finally, Regentatlantic Capital LLC increased its holdings in J M Smucker by 2.1% during the 3rd quarter. Regentatlantic Capital LLC now owns 24,210 shares of the company’s stock worth $2,540,000 after purchasing an additional 502 shares in the last quarter. 76.10% of the stock is owned by institutional investors and hedge funds.
SJM has been the subject of a number of recent research reports. Credit Suisse Group set a $110.00 price objective on J M Smucker and gave the stock a “hold” rating in a report on Friday, November 17th. Zacks Investment Research raised J M Smucker from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Jefferies Group set a $135.00 target price on J M Smucker and gave the company a “buy” rating in a report on Saturday, November 18th. Susquehanna Bancshares raised J M Smucker from a “neutral” rating to a “positive” rating and upped their target price for the company from $110.00 to $127.00 in a report on Monday, November 13th. Finally, Wells Fargo & Co set a $128.00 target price on J M Smucker and gave the company a “hold” rating in a report on Thursday, January 4th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $127.58.
In other J M Smucker news, SVP Jeannette L. Knudsen sold 1,600 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $124.36, for a total transaction of $198,976.00. Following the sale, the senior vice president now owns 23,452 shares in the company, valued at $2,916,490.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David J. Lemmon sold 1,205 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $124.54, for a total value of $150,070.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,610 shares of company stock worth $698,093. 3.50% of the stock is owned by company insiders.
J M Smucker Co (NYSE:SJM) traded down $1.03 during trading on Tuesday, reaching $118.37. The company had a trading volume of 50,301 shares, compared to its average volume of 1,098,703. J M Smucker Co has a fifty-two week low of $99.57 and a fifty-two week high of $143.68. The company has a current ratio of 0.96, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $13,350.00, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 2.03 and a beta of 0.65.
J M Smucker (NYSE:SJM) last posted its quarterly earnings data on Thursday, November 16th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.90 by $0.12. J M Smucker had a return on equity of 11.98% and a net margin of 7.72%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. J M Smucker’s revenue for the quarter was up .5% on a year-over-year basis. equities analysts anticipate that J M Smucker Co will post 7.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 9th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $3.12 annualized dividend and a yield of 2.64%. J M Smucker’s payout ratio is 63.16%.
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About J M Smucker
The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.
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